EMP Error: ’Bank application was not created - Incorrect Business Type
Symptoms:
When submitting bank application for TPG or Republic the following error occurs.
’Bank application was not created.’
Cause:
Questions regarding the Business Structure not answered correctly within the bank application.
Resolution:
TPG Bank application locations for correction:
EFIN Owner Information tab > EFIN Owner Corporation Type must have the same entity type as data found on General Information > Business Type
Republic Bank application locations for correction:
EFIN Owner Information tab > EFIN Owner Corporation Type must have the same entity type as data found on Office Information > Legal Entity Status
The answer to the question should reflect what Business Structure was selected within the IRS EFIN application.
IRS.gov website: Locating/Printing E File Summary Page & IRS Tracking Number location